[ANN] Wild Beast Block [WBB] on 1ex.trade, no PREMINE, Honest !

Quote from: uki on November 04, 2015, 05:15:26 PM

Quote from: WildBeastBitcoin on November 03, 2015, 04:13:33 PM

Hi,

On point 1 and 2: yes the block time has nothing to do with the new way how diff is calculated. However coins need a faster block time and for this reason was also 1 min select. This will benefit the coin in the long run. BTC price to WBB has not much of an impact but of course people will get BTC and not selling WBB to get a fraction of BTC. Mainly what is also needed is more miners so the profit switch is stopping. This will take time and by jan he will mine less as there are only 2.5 coins per block then. As we moved the time from 4 min to 1 min we have also reduced the time the by factor 4 to block halving. In July (isch) there will be only 1.25 WBB per block and in Jan 2017 only 0.625 WBB per block. Yes more coins are coming in but instead dragging the time out we brought it forward by doing so. This decision we took to benefit the coin and overall business.

On point 7 & 8: People will get cheaper coins and there is no way to say how much people will hold or buy plus how many new people will come in. What is needed to hold a month is unknown, reason as it depends where price will settle and when the profit switch stops and how many people will mine on the free pool. All this is an unknown factor. Natural trading will do the coin good and in the long run provides a stable ground. People are more likely to invest in a stable environment. However what the right price is for bottom decides the community. We suggest hold be patient and don't push up to high, wait and collect. If we think of lets say 20BTC a month till Jan 2016 it is not really a lot. Spread over many people it is a small amount.

Marketing we will start as soon as we ready wit the ALT's on the exchange. This will be done not just over twitter or FB but we are working also to be in Crypto magazines and will run tailored advertisements and possible video adds for it. Most will kick off in jan 2016 pushing ahead for the first 6 month till 1Ex and WBB is well known.
Now is not the time to run bigger adds as we are still developing and in a Softlaunch phase. Once the product is fully ready we will start.

Overall the price for WBB is very low and properly will really start making grounds in 2016.

Trading for BTC is fully open now on the exchange as the new trade screen is in. Now it is with the community to use it for trading. The BTC price on the exchange is set by the community / traders / public as we don't run cross trade books or any bots to show false volume like so many do. This is a decision we took right from day one, a clean exchange with no scam on it which is fair to everyone. The exchange should be a one stop shop for BTC / ALT's & FIAT

Thanks

WBB Dev

Thanks Peter for your response. I am glad to hear especially about the marketing plans, as this in my opinion is clue of the story, despite having fantastic product. Some coins before WBB that also were delivering well, run into difficulties exactly because of the fact that they considered marketing as not important issue. And I am glad that you are aware of that and thus this may help WBB to avoid such problems.

As for recent Bitcoin run, I am really surprised it went that far at this pace. That is definitely the factor now, with the price around $500, that all altcoins, WBB included, are bleeding heavily. Back at the price of $350 it was less of a factor though. Let's see where it ends.

Hi,

Yes marketing is very important and without its a lost cause. We start once all is up to full speed and then as said above it will go for 6 month to ensure word gets out.
BTC is high and def on a pump at the moment so people will try to get a small slice of it. Its good as at least some more chances for them.

But if it goes up that quick as you say it will dump also twice as fast by the first sign of slow down and people will just try to get out quickly.

Thanks

WBB Dev